REAL ESTATE AUCTION – MINIMUM BID $275,000

Thursday, August 28th at 6:00 PM – Live Onsite & Simulcast Online Bidding

Property Address: 1988 Reynoldsburg-New Albany Road, Blacklick, OH 43004
Township: Jefferson Township
School District: Gahanna Jefferson Schools
Franklin County Parcels: 170-000246-00 & 170-000633-00
Court Case: Franklin County Probate Court – Case #626267B

PROPERTY OVERVIEW

Built in 1973 and offering 2,376 sq. ft. of finished living space (per Franklin County Auditor), this two-story single-family home features 3 bedrooms, 2.5 baths, a full basement, and a 2-car garage. It sits on two parcels totaling ±5.84 acres (per Franklin County Auditor) with a secluded pasture area, a creek at the rear, and an outbuilding with animal stalls (needs TLC).

While the property will require rehabilitation, it’s a diamond in the rough in a highly desirable location with acreage in the Gahanna Jefferson School District. This property has suffered extensive damage due to a previous fire. Bidders will make their own determination as to it's possible rehabilitation or demolition and rebuilding.

PROPERTY DETAILS

Year Built: 1973
Total Finished Living Area: 2,376 sq. ft. (per Auditor)
Bedrooms: 3
Full Baths: 2
Half Baths: 1
Basement: Full
Garage: 2-Car Attached
Outbuilding: With animal stalls (needs repairs)
Lot Size: ±5.84 acres combined
Topography: Mixed terrain with pasture area and creek at rear
Utilities: Public utilities available; sanitation is septic system (per Auditor)
Location: Quick access to shopping, dining, and major highways

PARCEL INFORMATION & TAXES

Parcel 1: 170-000246-00 – Contains the House

Acreage: ±3.65 acres
Improvements: 1973 two-story home, 2,376 sq. ft., 3BR/2.5BA, full basement, attached 2-car garage
Annual Taxes (2024 Net Annual Tax, per Auditor): $9,819.62

Parcel 2: 170-000633-00 – Vacant Land

Acreage: ±2.19 acres
Characteristics: Pasture area with creek at rear, includes outbuilding with animal stalls (needs repairs)
Annual Taxes (2024 Net Annual Tax, per Auditor): $3,344.56

Note: Annual tax amounts shown reflect current year charges only and do not include any delinquent taxes or penalties. Any delinquent taxes will be paid at or before closing.

TERMS & CONDITIONS OF AUCTION

Minimum Bid: $275,000

Buyer’s Premium: 10% will be added to the high bid to determine the final contract price. Financing, if any, will be based on the final contract price.

Deposit: Non-refundable 10% of the final contract price due on auction day via good personal or business check. Deposit will be applied to the purchase price at closing. Successful internet bidders must deliver the deposit within 24 hours of the auction’s conclusion by good check or wire transfer (wiring instructions provided after the auction).

Contract: Purchaser will be required to sign a Contract to Purchase immediately upon conclusion of the auction. A sample Auction Contract to Purchase Real Estate will be available for review under the “Documents” tab on this site and will also be provided on auction day.

Closing Costs: Buyer to pay all closing costs, including but not limited to title search, transfer taxes, deed preparation, conveyance fees, and recording fees.

Taxes: Pro-rated via the short proration method (buyer assumes six months of accrued real estate taxes).

Survey: If a survey is required for transfer or recording, it will be at the buyer’s expense.

Deed & Title: A marketable, insurable deed will be delivered to the buyer at closing, free of liens and back taxes.

Sale Confirmation: Subject to Court Ordered Administrator confirmation and Franklin County Probate Court approval.

Property Condition: Sells in As-Is, Where-Is condition with any and all faults. No warranties expressed or implied. No buyer contingencies for financing, inspections, septic upgrades, or otherwise.

PREVIEW INFORMATION

Property will be open for inspection 1 hour prior to auction. A release of liability waiver must be signed by all parties before entry will be permitted. A copy of that can be found under the documents tab.

BIDDING OPTIONS

Bid in person at the property or online via simulcast.
Can’t make it to the auction in person? You can still bid online in real time through our simulcast auction format!

REALTOR PARTICIPATION

Realtor cooperation is encouraged. For compensation instructions, please contact the Auctioneer. The requirements are outlined below:

Show the property to your client at one of the scheduled previews.
Register your bidder no less than 48 hours prior to the auction by sending a signed Ohio Agency Disclosure form to the Auctioneer.
You will receive 2% of the high bid amount at closing if you represent the winning bidder.

AUCTIONEER & BROKERAGE INFORMATION

Auctioneer & Real Estate Agent: Michael Hoffman, Licensed Auctioneer & Real Estate Salesperson
Brokerage: Part of The Jarvis Team – Re/Max Consultant Group
Licensed in Ohio – Equal Housing Opportunity
Agency Disclosure: Hoffman Auctions and Re/Max Consultant Group represent the seller in this transaction.

ADDITIONAL INFORMATION

Click on the Documents tab for additional property information including:

Parcel data
Legal descriptions
Release of liability waiver
Preliminary title work
Sample Auction Purchase Contract
And more

LEGAL & COMPLIANCE NOTICE

This is a public auction conducted in accordance with Ohio Revised Code 4707 and 4735 and the rules of the Ohio Division of Real Estate & Professional Licensing. Michael Hoffman is a licensed auctioneer in the State of Ohio and a licensed real estate salesperson with Re/Max Consultant Group.

Announcements made on auction day take precedence over all printed, verbal, or posted material. All information provided is believed to be accurate but is not guaranteed.

Disclaimer: Information contained herein and in the Property Information Packet was obtained from sources deemed reliable. However, neither Re/Max Consultant Group nor their agents will be responsible for any errors or omissions regarding information provided by same. Buyers should carefully verify all information and make their own decision as to the accuracy thereof before relying on same.

Property sells As-Is, Where-Is, with any and all faults, without warranty of any kind, expressed or implied, including but not limited to fitness for a particular purpose or habitability. Real estate is offered subject to seller confirmation and Franklin County Probate Court confirmation. Participation in the auction, whether in person or online, constitutes acknowledgment and acceptance of all terms and conditions.

Court Ordered Real Estate Auction Blacklick